Galeries Lafayette group and Alain Némarq join forces to take over Mauboussin
Galeries Lafayette group announces that it has signed an agreement to acquire a majority stake in jewellery firm Mauboussin alongside the current Chairman Alain Némarq, who is supported in this transaction by Mirabaud Asset Management.
Alain Némarq’s has been Chairman of Mauboussin since 2002. He is behind the firm’s in-depth transformation into one of France’s leading affordable and premium jewellery houses. The firm relies on a network of 75 retail stores located in France and major international capitals.
This transaction will bolster Galeries Lafayette group’s historic expertise in the jewellery business, and accompany a new phase in Mauboussin’s expansion. The Group will work in close collaboration with Alain Némarq, who will continue to run the company.
Completion of the transaction remains subject to approval by the Competition Authority.